Benelux: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Benelux

The Benelux glass fibre fabrics market skyrocketed to $X in 2022, growing by 20% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Fibre Fabrics Production in Benelux

In value terms, glass fibre fabrics production surged to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Glass Fibre Fabrics Exports

Exports in Benelux

In 2022, the amount of glass fibre fabrics exported in Benelux declined modestly to X tons, which is down by -3% against 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 14% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre fabrics exports dropped to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Belgium represented the major exporter of glass fibre fabrics in Benelux, with the volume of exports finishing at X tons, which was approx. 84% of total exports in 2022. It was distantly followed by the Netherlands (X tons), generating a 16% share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of glass fibre fabrics. At the same time, the Netherlands (+3.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +3.6% from 2012-2022. While the share of the Netherlands (+5.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-5.2 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest glass fibre fabrics supplier in Benelux, comprising 71% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at +3.9%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, shrinking by -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2013 when the export price increased by 49%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.0%).

Glass Fibre Fabrics Imports

Imports in Benelux

In 2022, the amount of glass fibre fabrics imported in Benelux dropped modestly to X tons, reducing by -3.2% against 2021 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, glass fibre fabrics imports declined to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) dominates imports structure, together creating 96% of total imports. Luxembourg (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +2.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre fabrics importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main importing countries, the Netherlands, with a CAGR of +5.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, dropping by -6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 12% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform